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Home/Banking News/Another Round of Massive Layoffs Is Now Hitting Texas
Market News Today - Another Round of Massive Layoffs Is Now Hitting Texas

Another Round of Massive Layoffs Is Now Hitting Texas

By Frank Nez
April 18, 2024
2

Another round of massive layoffs is now hitting Texas as more businesses file WARN notices advising of upcoming job cuts.

It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.

This week, two new businesses filed notices with the Texas Workforce Commission advising of new and upcoming layoffs in Texas.

  • Joyson Safety Systems will be laying off 108 employees in San Antonio on June 1.
  • Kohler Co. is laying off 93 staff in Brownwood on June 14th.
Layoffs in Texas 2024.
Layoffs in Texas 2024.

The latest WARN data shows that Texas has had a total of 4,694 job cuts across 46 businesses so far.

California continues to lead as #1 with the most layoffs in the United States.

Below is a list of other businesses laying off in Texas this year:

  • Nosco, Inc. 51 job cuts by 6/2.
  • Davies UC LLC. 3 job cuts by 5/26.
  • Kroger Delivery. 52 job cuts by 5/25.
  • Rooster Teeth Productions, LLC II. 6 job cuts by 6/8.
  • Signify North America Corporation – Genlyte Thomas LLC. 109 job cuts by 5/16.
  • Stanley Black & Decker. 127 job cuts by 5/10.
  • Phoenix Assurance. 25 job cuts by 4/30.
  • Gulf Stevedoring Services, LLC. 29 job cuts by 4/30.
  • Denbury Inc. 111 job cuts by 4/30.
  • Expedia Group Inc. (Austin). 64 job cuts by 5/1.
  • Daifuku Services America Corp. 38 job cuts by 4/22.
  • Oldcastle Infrastructure. 64 job cuts by 4/22.
  • Rio Grande Valley Sugar Growers 2024. 435 job cuts by 4/29.
  • Mattison Pathology, LLP dba Avero Diagnotics. 103 job cuts by 12/8.

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Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - Another Round of Massive Layoffs Is Now Hitting Texas.
Market News Today – Another Round of Massive Layoffs Is Now Hitting Texas.

These massive retailers are now leaving low income areas, leaving residents to struggle after closures begin to create a food desert.

Residents in New Mexico have been left struggling to find reliable food options after abrupt store closures created a food desert, reports The US Sun.

Local officials slammed Walmart and Walgreens for leading residents to turn to food pantries after exiting a low-income area in Albuquerque.

Over one year ago, a Walmart in the eastern part of Albuquerque shut down, and since then a nearby Walgreens and Family Dollar have also closed.

Other supermarket chains are in no rush to fill the vacant storefronts, leaving residents to find alternative options for fresh food.

Food pantries in the area are especially feeling the strain, and volunteers say they don’t know how much longer they can patch the holes in the community.

“It’s just amazing to see how they run to these tables and in just a short matter of time, it’s gone,” Pastor Joanne Landry, who runs the nonprofit Compassion Services Center, told local NBC affiliate KOB in March.

“A lot of people, they need food.”

District 6 City Councilor Nichole Rogers also noticed the critical needs and said the closures left a “void” in her district in an exclusive interview with The U.S. Sun.

She said poor access to produce can have a “ripple effect” on the health of the community.

“So it’s a top priority to get some fresh food here as soon as possible,” she said.

For Rogers, the most immediate solution is urging grocery brands to sell their property to the local government at a fair price.

That way, she can set up farmers’ markets and food co-ops where groceries can be subsidized and sold at a fair price.

However, she said the supermarkets have priced their properties so high that the city can’t make an offer.

“Walmart’s holding out for the highest bidder, which is, you know, sad,” Rogers said.

“I wish they would just sell to the city so that we would have more of a say in what happens.”

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Also Read: Giant Restaurant Now Makes An Unexpected Closure in South Carolina

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Market News Today - Another Round of Massive Layoffs Is Now Hitting Texas.
Market News Today – Another Round of Massive Layoffs Is Now Hitting Texas.

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Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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  1. Frank Nez says:
    April 18, 2024 at 4:00 pm

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  2. Frank Nez says:
    April 18, 2024 at 4:00 pm

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